Needham Maintains Buy on Pure Storage, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos maintains a Buy rating on Pure Storage (NYSE:PSTG) but lowers the price target from $80 to $62.
August 29, 2024 | 10:07 am
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Needham analyst Mike Cikos maintains a Buy rating on Pure Storage but lowers the price target from $80 to $62, indicating a more conservative outlook.
The maintained Buy rating suggests continued confidence in Pure Storage's performance, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100